To love and be loved in return is the greatest happiness in life. However, with over 3.5 billion users connected to the Internet and nearly twice as many devices, finding love in the 21st century is a tale of bots, interlopers, and hackers. As humans, we want to have, we want to hold, we want to love… but not a bot! Recently, many popular dating sites have turned to using bots to artificially bolster the traffic on their sites and create a false sense of engagement among its ‘users’. These bots are being programmed to mimic human interactions as closely as possible and are exclusively under the control of the platform. Most users are unaware of the fact that the person on the other end may be ‘acting funny’ because it’s a bot and just as soon as they start accepting this behavior, the rug gets pulled from under their feet, shoving them into the cold hands of another bot. Most of these platforms tend to claim that these bots are there to help users overcome communication problems and come to grips with the online dating scene. However, the truth remains; none goes to a dating site to chat with bots. We are all seek real human interaction and connection.
Blockchain is more than just an instrument of finance, in fact calling it a ledger recording only
transactions is misleading. It is more of a ledger recording “agreements.” It is an immutable
system which records the history of “deals” made between two or more parties, in which neither
party can go back and change the terms. If you think along these lines, you will realize blockchain
has innumerable functionalities apart from merely keeping a record of financial transactions. One
such use is transforming the future of supply chain. Imagine documenting every move of a product in
an immutable ledger as it changes hands, generating a long list of interconnected blocks containing
complete product lifecycle information. This will give rise to a supply chain ecosystem which is
faster, cheaper, and free from any human error threatening its authenticity.
The Ethereum Classic price posted a top 35-best 20 percent increase on Tuesday, defying the bearish trend of the overall market and lifting ETC to its highest mark since January. “If you’re not watching Ethereum Classic, you’re doing it wrong.” Thus tweeted Barry Silbert, founder of the Digital Currency Group (DCG), on Monday. The DCG, of course, is the parent company of Grayscale Investments, which has created a fund that holds ETC on behalf of fund shareholders. Consequently, Silbert has a vested interest in promoting ETC. Even so, Silbert’s tweet was prescient, because within hours the Ethereum Classic price had embarked on a 20 percent rally — an advance that came even as other top cryptocurrencies pivoted into negative territory. At present, the Ethereum Classic price is trading at $32 on Bitfinex, up from a low near $24.50 on Monday. This translates into $3.3 billion market cap, ranking ETC 14th on the charts.
Controversial “stablecoin” Tether is under the gun again, as Weiss Ratings recently released a report detailing the red flags associated with the project. According to the alert, the largest issue facing Tether is the lack of a completed audit that accounts for the assets in circulation. During December and January, over one billion new Tethers were issued which coincided with the incredible increase in price that bitcoin experienced. Tether has since placed a “proof of funds” button on their homepage, leading to an evaluation from Friedman LLP to address concerns, but the report itself is almost half a year old, and doesn’t account for the massive amount of assets created since then.
Mario Draghi, president of the European Central Bank, has said it’s not his institution’s job to regulate cryptocurrencies. As part of the ECB’s #AskDraghi video series, the former Italian central banker said he has seen many users on Twitter ask if the ECB would regulate or even ban bitcoin. Draghi also discussed whether he would recommend purchasing bitcoin in response to a question from a college student. He indicated he would think “carefully” about buying bitcoin, explaining that he does not see it as a currency. While the euro’s value is stable, he added, “the value of a bitcoin oscillates wildly.” Also hitting out at cryptocurrencies’ decentralized nature, he continued: “The euro is backed by the European Central Bank. The dollar is backed by the Federal Reserve. Currencies are backed by the central banks or their governments. Nobody backs bitcoin.”